Reply to: Govt firesale

[DimPrawn]

I read this bit;



I didn't see anything in there about that needing to be adjusted for inflation or today's gold prices.

Now you're assuming I read it.

You just don't get it do you?

[Moscow Mule]

If he sold the gold now, it would be a lot more than £2bn.

Do you actually read anything?

I read this bit;

They have revealed that Bank of England officials had serious misgivings over the chancellor’s determination to sell 400 tons of bullion in a series of auctions between 1999 and 2002, when the price was at a 20-year low. Since then the price has almost trebled, meaning the decision cost the taxpayer an estimated £2 billion

I didn't see anything in there about that needing to be adjusted for inflation or today's gold prices.

[DimPrawn]

Only £2Bn - isn't that a drop in the ocean of our national debt?

If he sold the gold now, it would be a lot more than £2bn.

Do you actually read anything?

[Moscow Mule]

Perfect time for the financial genius Gordon Brown to sell off our massive store of gold, seeing prices are at an all time high, and use the money wisely to boost the economy.

http://www.timesonline.co.uk/tol/new...cle1654931.ece

Oh I see.

Only £2Bn - isn't that a drop in the ocean of our national debt?

[DiscoStu]

Why does Brown need to sell off this stuff if, as he says, the recession is nearly over?

Mostly because he's borrowed a tulip-load of money over the last few months to try and re-inflate the bubble.

HTH

[Doggy Styles]

Why does Brown need to sell off this stuff if, as he says, the recession is nearly over?

[DimPrawn]

Perfect time for the financial genius Gordon Brown to sell off our massive store of gold, seeing prices are at an all time high, and use the money wisely to boost the economy.

http://www.timesonline.co.uk/tol/new...cle1654931.ece

Oh I see.

[shaunbhoy]

WHS
Empolyers have no sensible reasons for objecting with all the technology available (and haven't had for years)

Yes but the problem would be that if most people worked from home you would not need so many managers, and you won't get THOSE particular turkeys voting for Christmas...........sadly.

[Tarquin Farquhar]

Spot on. So not only will the government not get any money, the future will pay for it.

It was ever thus. Thomas Jefferson argued strongly that the United States should not have a national bank, because its actions would bind future governments. Now that seems to be the point.

[TheFaQQer]

Flying cars

Having seen the way some women drive, flying cars seem a REALLY bad idea!!

Unless they just coast along slowly like a cloud, so the chance of any damage being caused is low...

[DimPrawn]

Here we have lot no 742, from HMR&C. One thousand coffee mugs with "I Love IR35" logos.

Any starting bids at £300 the lot?

[threaded]

Meanwhile, in a secret boardroom somewhere in the City of London ....

“Right then guys how do we fund this through bonds that we can flog back to the government? We’ve already got HAB on board to launder the cash offshore.”

Don't get me wrong, I'm all for things being in the private sector. It's the evil snot goblin's way of doing it that puts me off. The BoE's QE programme is just going straight back to the Treasury in the purchase of newly issued Gilts. It's like al Adin's "New Gilts for old".

Spot on. So not only will the government not get any money, the future will pay for it.

[TykeMerc]

That's because these people travel too far to work and then drive long time back - home working is the answer.

In some cases yes, but in many it's people simply varying their working day. I live 16 miles from Leeds and 35 from Manchester city centres and there are plenty of people who do those distances. Leeds takes an hour plus between 7:00 and 9:30 simply because of weight of local traffic.
Birmingham is at least as bad from every direction and London even worse.

I agree home working would help a hell of a lot, but as I pointed out earlier that would require convincing an awful lot of "bums on seats" managers which simply won't happen. I would work from home a lot on my current gig, but that's simply not possible due to security reasons so I stay near site and do a 580 mile round trip every week or two. Quite a bit of my work is done on a network that simply isn't accessible across the normal internet.

[Zippy]

That's because these people travel too far to work and then drive long time back - home working is the answer.

WHS
Empolyers have no sensible reasons for objecting with all the technology available (and haven't had for years)

[AtW]

the rush "hour" tends to start at 6:30-7:00 am in many parts and carried on to 9:30. At my last few client sites it's been common to see people in at 7:30-8:00 and leaving about 4:00, there are two in my current office who do just that.

That's because these people travel too far to work and then drive long time back - home working is the answer.